Wetherspoon (JD) PLC News Release - Correction (6567M)
January 22 2021 - 10:32AM
UK Regulatory
TIDMJDW
RNS Number : 6567M
Wetherspoon (JD) PLC
22 January 2021
22 January 2021
J D WETHERSPOON PLC
NEWS RELEASE - CORRECTION
A Guardian newspaper article (19 January), following the
announcement of an equity placing by Wetherspoon on the same day,
said that "Wetherspoon moves to buy smaller pubs on the cheap amid
Covid crisis" and that "it is targeting pubs in central
London."
These statements are completely untrue. Wetherspoon operates
pubs which are three or four times larger than average and rarely
"targets" existing pubs.
Wetherspoon's press release on 19 January said that the company
is "considering ... a number of properties in central London, the
freehold reversion of pubs of which it is the tenant, and
properties adjacent to successful pubs".
All the company's pubs in central London had other uses before
Wetherspoon's occupation - for example, the headquarters of the
Hong Kong and Shanghai Bank, the former Marquee Club and the former
ballroom of the Great Eastern Hotel.
Wetherspoon chairman Tim Martin said:
"The downfall of the master spy Karla in John Le Carré's epic
novel was precipitated by creating a fictitious "legend for a
girl". The Guardian should avoid legends and stick to the truth,
lest it suffers the same fate as Karla".
Ends.
Enquiries:
John Hutson Chief Executive Officer 01923 477777
Ben Whitley Finance Director 01923 477777
Eddie Gershon Company spokesman 07956 392234
Please email any questions to
investorqueries@jdwetherspoon.co.uk
Notes to editors
1. J D Wetherspoon owns and operates pubs throughout the UK and
Ireland. The Company aims to provide customers with good-quality
food and drink, served by well-trained and friendly staff, at
reasonable prices. The pubs are individually designed, and the
Company aims to maintain them in excellent condition.
2. Visit our website: www.jdwetherspoon.com
3. This announcement has been prepared solely to provide
additional information to the shareholders of J D Wetherspoon, to
meet the requirements of the FCA's Disclosure and Transparency
Rules. It should not be relied on by any other party, for any other
purposes. Forward-looking statements have been made by the
directors in good faith, using information available up until the
date on which they approved this statement. Forward-looking
statements should be regarded with caution, because of the inherent
uncertainties in economic trends and business risks.
4. This announcement contains inside information on J D
Wetherspoon plc.
5. The current financial year comprises 52 trading weeks to 25
July 2021.
6. The next trading update is expected to be the Company's
interim results update on 19 March 2021.
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END
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